Ariel Investments, with 5.4% stake, reportedly urges Mattel to explore strategic alternatives
MAT•Ariel Investments, which holds a 5.4% stake in Mattel, reportedly called for the toymaker to explore strategic alternatives, including a potential sale, saying its shares are significantly undervalued.
1. Ariel seeks strategic review
Ariel Investments reportedly called for Mattel to explore strategic alternatives, including a potential sale. The investment firm said Mattel shares are significantly undervalued and that a strategic buyer would pay a significant premium.
